National Business

The number of Americans filing for unemployment benefits fell last week as layoffs remain relatively low despite other signs of labor market cooling. Jobless claims fell by 5,000 to 227,000 for the week of Aug.

TORONTO — CIBC is making changes to its senior executive ranks in a move chief executive Victor Dodig says will broaden the opportunities for a number of the bank's leaders.

Verizon is buying Frontier Communications in a $20 billion deal to strengthnen its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and the Internet of Things.

Corner stores across Ontario are now legally allowed to sell certain types of alcohol.

CALGARY — Alberta's government says it's pulling $1.53 billion in funding from a massive Calgary Green Line light rail transit project already deep in sunk costs.

VANCOUVER — A co-founder of the specialized HandyDART transit system that provides accessible door-to-door service says he supports staff "100 per cent" as their strike in Metro Vancouver continues.

U.S. stock indexes lost more ground Wednesday, with declines in the technology, energy and other sectors adding to Wall Street's losses a day after the market’s worst skid in a month. The S&P 500 fell 0.2% following Tuesday's 2.1% drop.

LAVAL, Que. — Alimentation Couche-Tard Inc. says net earnings slipped in its first quarter of fiscal 2025 as consumers continue to watch their spending. The convenience store giant says it had net earnings attributable to shareholders of US$790.

CALGARY — Saskatchewan farmer Ian Boxall is blunt about why he plants canola, the crop caught in the crossfire of the latest trade dispute between Canada and China, every year.

TORONTO — Weakness in the energy sector offset gains elsewhere to leave Canada's main stock index essentially flat Wednesday, while U.S. markets were mixed as investors focus on job numbers.